Market Forecast By Components & Services (Hardware (Sensors, Controllers, Actuators & Others), Software, Services), By Technology (Wired, Wireless), By End Users (Residential, Commercial, Industrial), By Applications (Space Heating, Computers & Office Equipment, Lighting, Air Conditioners & Others) And Competitive Landscape
Product Code: ETC002108 | Publication Date: Apr 2020 | Updated Date: Jun 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In the year 2021, China was the largest exporter in terms of value, followed by the USA. It has registered a growth of 33.71% over the previous year. While the USA registered a growth of 28.17% as compared to the previous year. In the year 2017, China was the largest exporter followed by the USA. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 2689 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 3260 which signifies high concentration in the market.
The Australia Building Energy Management System Market report thoroughly covers the market by components & services, by technology, by end users, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Building Energy Management System Market continues to grow exponentially in the country with some ongoing trends and opportunities such as, the rising concern over energy efficiency, hence BEMS solutions have become efficient for building owners to monitor and optimize their energy use this is estimated to surge the market growth in the country in the upcoming years. Additionally, artificial intelligence (AI) technology is being integrated into BEMS solutions which help detect patterns in energy usage data and optimize of energy consumption is estimated to boost the Australia Building Energy Management System Market growth in the country. Furthermore, helping rising government initiatives to reduce carbon footprint through better-managed energy systems is likely to widen the market landscape.
Australia Building Energy Management System Market has registered significant growth in the past few years due to the growing constructional industry coupled with the growing infrastructural sector and industrial sector. The major factors boosting the demand for the building energy management system market in Australia are reduction in running costs, improving comfort for building users, and less maintenance and repair costs. Moreover, increasing electricity prices and growing demand for energy-efficient products would fuel the growth of the building energy management system market in Australia.
According to 6wresearch, the Australia Building Energy Management System Market size is expected to grow during 2020-2026. In Australia, the market is anticipated to register a decline in economic growth during the first quarter of 2020 due to the coronavirus pandemic which has a worse impact on the business worldwide. However, healthy growth and recovery in the economic scenario are expected in the Australia market during the second half of 2020-2026. In terms of technology, the wireless segment is anticipated to lead a major revenue share in the building energy management system market of Australia owing to efficiency, easy installation, flexibility, and advanced technology in the country.
The COVID-19 pandemic had left an adverse impact on the Australia Building Energy Management System Market. The implementation of various measures caused by the pandemic lockdown such as social distancing measures and travel restrictions led to a decline in the energy management systems demand. However, people working remotely increased the need for high indoor air quality, as a result, this surged the demand for BEMS, nevertheless, an economic downfall led many businesses to massive financial instability which further led to reduced adoption of new technologies such as BEMS.
Certain well-renowned players are shaping the market growth at a rapid pace by offering a comprehensive range of BEMS in the country are mentioned below:
Based on the Components & Service, both hardware and software services are interconnected, hence dominating the market, also followed by various factors such as technological advancements, and energy efficiency has become a prior focused area.
According to Dhaval, Research Manager, 6wresearch, both technologies are gaining momentum and dominating the Australia Building Energy Management System Market share in the country influenced by various factors such as building infrastructure & greater scalability, and cost factors.
Based on applications, each application varies depending on certain factors such as market trends, government policies, and technological advancements. BEMS are significantly being used in mostly all types of electrical appliances including, Space Heating, Computers & Office Equipment, Lighting, and Air Conditioners.
The Australia Building Energy Management System market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Australia Building Energy Management System Market Overview |
3.1 Australia Building Energy Management System Market Revenues and Volume, 2016-2026F |
3.2 Australia Building Energy Management System Market Revenue Share, By Components & Services, 2019 & 2026F |
3.3 Australia Building Energy Management System Market Revenue Share, By Technology, 2019 & 2026F |
3.4 Australia Building Energy Management System Market Revenue Share, By End Users, 2019 & 2026F |
3.5 Australia Building Energy Management System Market Revenue Share, By Applications, 2019 & 2026F |
3.6 Australia Building Energy Management System Market - Industry Life Cycle |
3.7 Australia Building Energy Management System Market - Porter’s Five Forces |
4. Australia Building Energy Management System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Australia Building Energy Management System Market Trends |
6. Australia Building Energy Management System Market Overview, by Components & Services |
6.1 Australia Hardware Building Energy Management System Market Revenues and Volume, 2016-2026F |
6.2 Australia Software Building Energy Management System Market Revenues and Volume, 2016-2026F |
6.3 Australia Services Building Energy Management System Market Revenues and Volume, 2016-2026F |
7. Australia Building Energy Management System Market Overview, by Technology |
7.1 Australia Building Energy Management System Market Revenue and Volumes, By Wired, 2016-2026F |
7.2 Australia Building Energy Management System Market Revenue and Volumes, By Wireless, 2016-2026F |
8. Australia Building Energy Management System Market Overview, by End User |
8.1 Australia Building Energy Management System Market Revenue and Volumes, By Residential, 2016-2026F |
8.2 Australia Building Energy Management System Market Revenue and Volumes, By Commercial, 2016-2026F |
8.3 Australia Building Energy Management System Market Revenue and Volumes, By Industrial, 2016-2026F |
9. Australia Building Energy Management System Market Overview, by Application |
9.1 Australia Building Energy Management System Market Revenue and Volumes, By Space Heating, 2016-2026F |
9.2 Australia Building Energy Management System Market Revenue and Volumes, By Computer & Office Equipment, 2016-2026F |
9.3 Australia Building Energy Management System Market Revenue and Volumes, By Lighting, 2016-2026F |
9.4 Australia Building Energy Management System Market Revenue and Volumes, By Air Conditioner, 2016-2026F |
9.5 Australia Building Energy Management System Market Revenue and Volumes, By Others, 2016-2026F |
10. Australia Building Energy Management System Market Key Performance Indicators |
11. Australia Building Energy Management System Market Opportunity Assessment |
11.1 Australia Building Energy Management System Market Opportunity Assessment, By Components & Services, 2026F |
11.2 Australia Building Energy Management System Market Opportunity Assessment, By Technology, 2026F |
11.3 Australia Building Energy Management System Market Opportunity Assessment, By End-user, 2026F |
11.4 Australia Building Energy Management System Market Opportunity Assessment, By Application, 2026F |
12. Australia Building Energy Management System Market Competitive Landscape |
12.1 Australia Building Energy Management System Market By Companies, 2019 |
12.2 Australia Building Energy Management System Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |